Multi-Unit Apartment
135 W Center Street #133, Whitewater, WI 53190
For Sale
New
$379,000
Apartments have long-term tenants in place, and the property is zoned B2.
Property Size3,400 SF
Price / SF$111.47
Days on Market5
Property Features for 135 W Center Street #133
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Anderson Commercial Group, LLC
(414) 425-2700
Listed By:
Kristen Parks · License WI #9034194
(414) 550-8925
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anderson Commercial Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 135 W Center Street includes apartments and was built in 1900. Long-term tenants are in place, and the property is zoned B2.
The building is in downtown Whitewater, near local shops, restaurants, and everyday services. The University of Wisconsin-Whitewater is also nearby.
The building is in downtown Whitewater, near local shops, restaurants, and everyday services. The University of Wisconsin-Whitewater is also nearby.
Key Highlights
- Long‑term tenants are in place
- Built in 1900
- Zoned B2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,074
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,480
$681.5K
Cap Rate 7%
$486,771
$486.8K
Cap Rate 9%
$378,600
$378.6K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$64.9K $19.08/SF
− Vacancy
−$2.9K −$0.86/SF
EGI
$62.0K $18.22/SF
− OpEx
−$27.9K −$8.20/SF
NOI
$34.1K $10.02/SF
Area
Walworth County, WI
Vacancy
4.50%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,480
Cap Rate 7%
$486,771
Cap Rate 9%
$378,600
Alternative Uses
Best Use
Apartment 5plus
$486.8K
$425.9K – $567.9K
NOI $34,074 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$656.2K
$574.1K – $765.5K
NOI $45,931 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 53190, WI
19,459
Population
8,331
Households
2.3
Avg Household Size
27
Median Age
35%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
149
Density / Sq Mi
$59,598
Median Household Income
$17,627
Median Earnings
$990
Median Rent
$247,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - Apartments have long-term tenants in place, and the property is zoned B2.
Where is this multifamily property located?
The property is located at 135 W Center Street #133 Whitewater, WI.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Long‑term tenants are in place; Built in 1900; Zoned B2
